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Iran expands overseas farming amid lingering drought

Corn plantation in Azadshar in Iran’s northern Golestan Province Iran is exploring overseas resources to ensure stable supplies of agricultural products for a rapidly urbanizing population in the face of the constraints of worsening land and water resources. The semi-arid state has been investing in large areas of farmland overseas,…

China signs deal to provide Iran with $10bn in loans

China’s CITIC Group has signed an agreement with five Iranian banks to provide a credit line of $10 billion for Iran’s infrastructure projects. China has signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects – what is seen as the biggest economic…

Iran’s Kish Airline to buy Boeing, Airbus planes

Iran’s Kish Airline has announced an ambitious plan to purchase over a dozen new planes from global aviation giant Airbus and Boeing. Iran’s Kish Airline has announced an ambitious plan to purchase over a dozen new planes from global aviation giant Airbus and Boeing. Kish Airline CEO Mohammad Taqi Jadidi…

Iran says +1,400 planes cross its skies daily

Iran says international air traffic over its skies has reached above 1,400 planes per day in what is believed to be a result of growing confidence in the country’s safe airspace. Iran says at least 1,400 planes cross its skies everyday – an announcement that a top military official in…

Russians to finance €1bn rail electrification in Iran

The Iranian railway on the Gorgan-Gonbad-e Kavus route A Russian bank has agreed to provide 1 billion euros to electrify a 500 km railway route in northern Iran, state news agency IRNA has quoted a senior official as saying. Head of the Islamic Republic of Iran Railways for northern network,…

Germany’s MAN looking into Iran prospects

MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials. MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials, saying it…

Iran selecting financiers for 200 jets: New Iran Air CEO

New CEO of national flag carrier Iran Air Farzaneh Sharafbafi Iran is in the process of selecting financiers for the purchase of 200 new passenger aircraft from among many domestic and foreign companies which have submitted their proposals to Iran Air, the new CEO of the national airline Farzaneh Sharafbafi…

Iran in talks to buy copters from Airbus

Iran says it has started a new round of talks with the European planemaker Airbus over the purchase of dozens of helicopters. Iran says it has started a new round of talks with the European planemaker Airbus over the purchase of dozens of helicopters. Iran’s media quoted Asghar Fakhrieh-Kashan, a…

Japanese FM: Tokyo policy based on boosting ties with Iran in all fields

panese Foreign Minister Taro Kono said on Thursday that his country’s policy regarding Iran is still to advance all-out ties with Tehran. In a meeting with Deputy Foreign Minister for Legal and International Affairs Seyyed Abbas Araqchi, he congratulated President Rouhani’s reelection for another four-year term in office, hoping that…

Co-op development on Japanese gov’t agenda: Minister

Minister of Economy, Trade and Industry of Japan Hiroshige Sekō said Japan has put on the agenda promoting economic development with Iran. Sekō made the remarks Wednesday in a meeting with Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi. During the meeting, he expressed congratulation over President Hassan…